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REGISTERED NUMBER: 04795146 (England and Wales)






















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

ELCOT CAPITAL MANAGEMENT LIMITED

ELCOT CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04795146)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELCOT CAPITAL MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTORS: M A Vogel
H Carrington
L A Wiseman
L Wiseman



SECRETARY: H Carrington



REGISTERED OFFICE: 6 Queripel House
1 Duke Of York Square
SW3 4LY



REGISTERED NUMBER: 04795146 (England and Wales)



SENIOR STATUTORY AUDITOR: Andrew Fox



AUDITORS: George Hay & Company
Chartered Accountants
& Statutory Auditors
83 Cambridge Street
London
SW1V 4PS

ELCOT CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04795146)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 458,083 118,145
Cash at bank 1,015,603 1,659,839
1,473,686 1,777,984
CREDITORS
Amounts falling due within one year 6 765,436 898,870
NET CURRENT ASSETS 708,250 879,114
TOTAL ASSETS LESS CURRENT
LIABILITIES

708,250

879,114

CAPITAL AND RESERVES
Called up share capital 210,000 210,000
Retained earnings 498,250 669,114
SHAREHOLDERS' FUNDS 708,250 879,114

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th September 2023 and were signed on its behalf by:





L A Wiseman - Director


ELCOT CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04795146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. STATUTORY INFORMATION

Elcot Capital Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is attributable to the one principal activity of the company and represents fees received in respect of investment fund management advice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ELCOT CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04795146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Assets and liabilities in foreign currencies are translated into sterling at rates of exchange ruling at the end of the financial year. All exchange differences are dealt with in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st June 2022
and 31st May 2023 46,461
DEPRECIATION
At 1st June 2022
and 31st May 2023 46,461
NET BOOK VALUE
At 31st May 2023 -
At 31st May 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 387,423 58,331
Other debtors 11,403 10,067
Lease deposit 32,043 32,043
Prepayments 27,214 17,704
458,083 118,145

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 66,760 103,259
Social security and other taxes 5,873 6,932
Other creditors 156,010 174,186
Dividends payable 430,000 430,000
Accrued expenses 106,793 184,493
765,436 898,870

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Fox (Senior Statutory Auditor)
for and on behalf of George Hay & Company

ELCOT CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04795146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

8. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to help prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.